Vancouver, British Columbia (TSX Venture: ASW) (OTCBB: ASWRF) (BERLIN: AMO), January 31, 2008, 6:00am PST – Anglo Swiss Resources Inc. (”Anglo Swiss”) reports today that numerous high-grade gold, copper and silver grades have been identified in the 2007 diamond drill program on the Kenville Mine property, located immediately west of Nelson, BC.
The most significant results of the 2007 Phase One drill program are 1) the confirmation of the geophysical model for a significant copper/gold porphyry zone and 2) the identification of the Eagle Vein, a high-grade gold quartz vein within the porphyry system.
The Eagle Gold Vein is situated within the western portion of the property, underlying the porphyry system. The vein system has an indicated strike length of 150 meters open to the north, south and to depth with variable widths of 0.8 meters up to 7.5 meters. The Eagle vein has assayed at 82.15 g/t gold (2.4 oz/T Au) over 0.30 meters or 1.0 feet*, 42.0 g/t gold (1.225 oz/T Au) over 0.8 meters (2.6 feet) and 14.96 g/t gold (0.43 oz/T Au) over 1.4 meters (4.5 feet). The Eagle vein system consistently carries very strong values in copper, gold and silver, often with associated bismuth, lead and locally molybdenum and tungsten.
* Historical Result from Teck - Drill hole TK95-05
2007 Drill Program Highlights (full results below)
Sampled intervals in AK07-01 assayed an average grade of 0.22 % copper and 0.207 g/t gold over an 11-meter interval.
AK07-02 sampled intervals containing anomalous copper between 0.13% to 1.5% copper and 0.055 g/t to 0.63 g/t/ gold over 0.6 meter to 2.2 meter sample intervals. Visible gold specs were located in a 4-centimeter quartz vein, in which an assay value of 2.1 g/t gold was returned across 0.5 meters.
AK07-03 contained an assayed weighted average grade of 0.21% copper and 0.257 g/t. gold over a 5.8-meter interval.
AK07-04 contained a 12.45-meter interval grading 0.258% copper and 0.1 g/t gold and another high grade interval assaying 42.0 g/t gold (1.225 oz/T Au), 0.22% copper and 52.0 g/t silver (1.52 oz/T Ag) over 0.8 meters.
AK07-05 contained two intervals assaying 16.6 g/t gold (0.484 oz/T Au), 0.79% copper and 34.1 g/t silver (0.994 oz/T Ag) over 1.2 meters and 14.96 g/t gold (0.43 oz/T Au), 0.38% copper and 30.1 g/t silver (0.88 oz/T Ag) across 1.35 meters.
The confirmation of the copper/gold porphyry system which extends over 1000 meters north/south and the high-grade Eagle gold vein enforces the excellent exploration potential of the Kenville Mine property. Both targets are situated within a small area (20%) of the overall property and are open to strike length and depth extensions.
The Eagle vein system can be followed along strike for at least 150 meters, with the vein system open to the north, the south and to depth. The 2008 drill program will thoroughly test both the copper/gold porphyry zone and the Eagle vein system to determine its overall strike extent to surface and the down-dip potential.
The Kenville drill program was carried out throughout the month of October, 2007 and consisted of 5 diamond drill holes producing 1364.9 meters or 4478 feet of NTW size drill core (56 mm or 2.2” diameter core). Drilling comprised a very small area within the porphyry system on the Kenville mine property and has successfully confirmed the geophysical model of a significant copper/gold porphyry system.
As a result of these highly encouraging results, management will employ two drill rigs to carry out its 10,000 meter 2008 spring drill program. Due to the high grade gold results the Eagle vein is now considered a priority exploration target for the 2008 exploration program.
The presence of numerous intervals of widespread prospective copper mineralization with associated gold and silver values within a large body of diorite intrusive rock suggests a typical environment for the emplacement of a classic alkaline porphyry deposit. The continued exploration for an economic body of porphyry-style mineralization is a priority focus for the upcoming 2008 field season. A large body of widespread mineralization is indicated on the Kenville property by recently determined Induced Polarization (IP) targets and coincident geochemical soil anomalies.
Technical Drill Results
Drill hole AK07-01, located on grid line 2500N, contained localized concentrations of disseminated chalcopyrite throughout the upper portion of the drill hole to approximately 25 meters or 82 feet. More widespread localized concentrations of disseminated chalcopyrite were found throughout the interval from approximately 145 meters to 215 meters (70 meters/ 229’), with an 11-meter interval (160.0 to 171.0m or 11m/36’) having an average grade of 0.22 % Copper and 0.207 g/t Gold. This drill hole may have been inadvertently drilled short of reaching the Eagle vein system, which was intersected in nearby drill holes AK07-04 and AK07-05.
Drill hole AK07-02, drilled from the same location as AK07-01, tested a zone of low chargeability, initially interpreted as a possible alteration zone. This drill hole contained erratic concentrations of disseminated chalcopyrite to approximately 73.5 meters (241’) depth in the hole, with sampled intervals varying between 0.13% Copper to 1.5% copper and 0.055 g/t to 0.63 g/t Gold. Visible gold specs were located in a 4-centimeter (1.6”) quartz vein at 181.0 meters, in which an assay value of 2.1 g/t Gold was returned across 0.5 meters (1.6’).
Drill hole AK07-03, located 180 meters (426’) west of drill hole AK07-01 and AK07-02 was drilled to test a separate zone of IP chargeability, from the zone tested by AK07-01. Drill hole AK07-03 contained a well-defined zone of conspicuous silica alteration throughout the upper part of the drill hole, with abrupt termination of alteration at 89.7 meters (293’). Sporadic concentrations of pyrite and chalcopyrite were found throughout the alteration zone, with strongest mineral concentrations occurring between 44.7 to 73.5 meters (146’ to 240’). Within this mineral zone, a 5.8-meter interval (49.3 to 55.1m / 161.7’ to 180.7’/19.0’) returned a weighted average grade of 0.21% Copper and 0.257 g/t Gold.
In drill hole AK07-04, drilled on line 2600N, a strong zone of pervasive silicification occurs from 164.0 to 205.4 meters (41.4 m/ 136’), containing variable concentrations of disseminated chalcopyrite and pyrite. Within this silicified zone a 12.45-meter interval (165.3-177.75m or 540’ to 581’ for 41.0’) graded 0.203% Copper and 0.104 g/t Gold (0.30 oz/T Au) , which included the interval 165.3m to166.73m (1.43m or 4.67’), which returned 0.9 % Copper, 0.335 g/t Gold and 14.9 g/t Silver (0.43oz/T Ag).
A strong zone of mixed silicification and multiple quartz veining interpreted as part of the Eagle vein system was encountered from 288.65 meters to 296.1 meters for 7.45 m (947’to 971.45’ / 24.4’). Within this zone are found locally strong quartz vein hosted clots of pyrite, chalcopyrite with minor galena. A weighted average across 7.45-meters from 288.65 to 296.1m (943’to 968’/ 25’) throughout the Eagle vein zone, resulted in average weighted values of 5.615 g/t gold, 0.1 % copper and 7.57 g/t silver. Within this interval a 0.8 meter section (2.6‘) returned a spectacular assay value of 42.0 g/t Gold (1.225 oz/T Au), 0.22% Copper and 52 g/t Silver (1.52 oz/T Ag).
Drill hole AK07-05, was drilled from the same location as AK07-04, but at a steeper dip angle. The hole was drilled to compare the disseminated style of mineralization seen in drill hole AK07-04 and also to obtain orientation and sampling information for the down-dip extension of the Eagle vein intercept as found in drill hole AK07-04. Drill hole AK07-05 did not contain extensive zones of disseminated copper mineralization as seen in drill hole AK07-04, but contained the strongly mineralized (pyrite, chalcopyrite, trace galena) Eagle quartz vein system.
Drill hole AK07-05 contained two intervals of high-grade mineralization related to the Eagle vein system. The 1.2- meter (3.9’) interval from 279.8 m to 281.0 m (918’to 921.9’) returned 16.6 g/t Gold (0.484 oz/T Au), 0.79% Copper and 34.1 g/t Silver (0.994 oz/T Ag) and is interpreted as a branch of the main Eagle vein system. The main mineralized segment of the Eagle vein in AK07-05 assayed 14.96 g/t Gold (0.436 oz/T Au), 0.38% Copper and 30.1 g/t Silver (0.88 oz/T Ag) across 1.35 meters from 291.7 meters to 293.05 meters (4.4’from 957’to 961.4’).
Both of the Eagle vein intercepts in both AK07-04 and AK07-05 are considered to be close to true-width intervals as the veins were intersected at near right angles (90 degrees) to the dip of the vein(s).
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The following table summarizes some of the more favorable analytical results returned from the 2007 Kenville drill program:
|
Drill Hole
|
|
|
Length
|
|
|
|
|
|
|
AK07-01
|
|
|
|
|
|
|
|
|
|
|
9.3
|
22.7
|
13.4
|
660
|
|
60
|
0.006
|
<1
|
|
|
160.0
|
171.0
|
11.0
|
207.4
|
|
2205
|
0.22
|
1.36
|
|
|
includes
|
167.0
|
169.0
|
2.0
|
545
|
|
6313
|
0.63
|
4.0
|
|
|
|
175.0
|
177.0
|
2.0
|
50
|
|
1794
|
0.18
|
1.2
|
|
|
|
189.0
|
191.0
|
2.0
|
115
|
|
3266
|
0.33
|
2.9
|
|
|
|
197.0
|
199.0
|
2.0
|
115
|
|
2912
|
0.29
|
3.6
|
|
|
|
213.0
|
215.0
|
2.0
|
265
|
|
5218
|
0.52
|
6.2
|
|
|
|
362.25
|
363.25
|
1.0
|
>1000
|
1.01
|
251
|
0.02
|
1.3
|
|
|
Drill Hole
|
|
|
Length
|
|
|
|
|
|
|
AK07-02
|
|
|
|
|
|
|
|
|
|
|
6.55
|
7.6
|
1.05
|
40
|
|
1450
|
0.145
|
2.2
|
|
|
|
26.86
|
28.5
|
1.64
|
135
|
|
1372
|
0.14
|
1.0
|
|
|
|
32.5
|
34.1
|
1.6
|
110
|
|
1296
|
0.13
|
1.0
|
|
|
|
38.05
|
38.9
|
0.85
|
185
|
|
2918
|
0.29
|
3.3
|
|
|
|
54.9
|
57.1
|
2.2
|
55
|
|
1344
|
0.13
|
1.5
|
|
|
|
57.1
|
57.8
|
0.7
|
630
|
|
>10000
|
1.5
|
15.2
|
326 Mo
|
|
|
67.9
|
68.5
|
0.6
|
90
|
|
>10000
|
1.4
|
12.4
|
|
|
|
72.25
|
73.45
|
1.2
|
15
|
|
4074
|
0.41
|
2.0
|
|
|
|
159.3
|
160.4
|
1.1
|
40
|
|
1409
|
0.14
|
2.3
|
|
|
|
181.0
|
181.5
|
0.5
|
2.1 g/t
|
2.1
|
651
|
0.065
|
